LCP appoints Laura Amin and Lydia Fearn as Co-Heads of Consolidation

LCP has appointed Partners Laura Amin and Lydia Fearn as Co-Heads of Pensions Consolidation in response to the Government's policy to drive consolidation and the rapid rate of new emerging industry developments in this area.

The appointments reflect the breadth of the evolving pensions consolidation market and the need to coordinate and bring together specialist teams across LCP to support our clients navigate and assess the new options available to deliver members’ retirement outcomes.

Laura is a Scheme Actuary and corporate adviser and is expert at supporting sponsors and trustees evolve their DB pension strategies to reflect emerging pensions policy and the developing market of DB operational and financial consolidation. Lydia sits in LCP’s DC team, delivering advice to clients of all types and sizes. She has over 22 years’ experience in the industry and has extensive experience working with DC consolidators, including Master Trusts and Providers.

Laura commented, “Consolidation is now at the heart of the Government’s growth agenda. There is approximately £1.4trn in DB assets, with a large part of that expected to transition into some form of financial consolidation over time. While the focus of traditional consolidation has largely been on the insurance market via pensioner buy-ins, industry developments — like the recent Wates transfer to Clara — suggest a growing field of alternative consolidation options. The upcoming superfund legislation and anticipated CDC regulation in this year’s Pensions Bill indicate that we’re only at the beginning of a major transformation in pensions consolidation.”

“I’m excited to bring my experience in the DB operational consolidation space and work with my LCP colleagues across the wider actuarial, governance and de-risking space to help clients navigate and understand how to make the most of opportunities arising through all forms of consolidation.”

Lydia added, “With consolidation in the spotlight, it's critical to ensure that member outcomes remain the top priority. Laura and I bring a combination of DB and DC expertise, along with deep insights into the latest consolidation trends and innovations. We understand that some of these policy developments may seem overwhelming, but we’re here to give trustees and sponsors insights into the direction of travel when it comes to consolidation and to make sense of the changes and find the right path forward for their schemes.”